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Oct 31, 2012
10/12
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there are individual companies that can do well in this environment. it was interesting to look at fair point group and other businesses that around the rescheduling of debts and the management of cash flow. you like these businesses? >> absolutely. i mean, i think there's great opportunity for rescheduling of debt on an individual basis. has had a great run last year, but it's about 88 pence at the moment. up 40%, 50% last year. it's an incredibly attractive investment. and should we see a pickup in terms of demand for people wanting to get involved in rescheduling their debt, and we think they will be at certain stages, this economy will see improved trading conditions. so really, great attractive opportunities. the markets themselves may rise a built, but i think through stock selection, you can really add value. we've seen that a lot of the very high visa stocks haven't really been doing so. they've really disappointed, and it's been some of the underlying stocks through individual selection. >> that speaks to the global economy, with china slowing
there are individual companies that can do well in this environment. it was interesting to look at fair point group and other businesses that around the rescheduling of debts and the management of cash flow. you like these businesses? >> absolutely. i mean, i think there's great opportunity for rescheduling of debt on an individual basis. has had a great run last year, but it's about 88 pence at the moment. up 40%, 50% last year. it's an incredibly attractive investment. and should we see...
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66
Nov 2, 2012
11/12
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so the environment is shifting in a way because of low interest rates, but also because of the other regulatory that we haven't had for many years. i think this creates an environment where another kind of volatility where the fragmentation is still there p about. >> which brings me to the question a lot of seasoned will roll their eyes and it didn't work. shorting is volatility and buying in-sdeks of volatility, as well. how dangerous is that? it sounds very dangerous, but obviously the risk reward might be at beneficial levels. >> cbo numbers are reporting stronger trading in vix. cop census numbers not having changed much for the full year, there is a big rebound im34r50ied in im34r50i applied implied. >> i think what's interesting is there's a lot of expectations that have already adjusted that are not in the numbers. even though the numbers are coming and are not good, but people have talked about them ahead of type and stocks adjust. my personal view is that the numbers that are coming here are important. but i think it's more the ability for people to look at the next 12 month
so the environment is shifting in a way because of low interest rates, but also because of the other regulatory that we haven't had for many years. i think this creates an environment where another kind of volatility where the fragmentation is still there p about. >> which brings me to the question a lot of seasoned will roll their eyes and it didn't work. shorting is volatility and buying in-sdeks of volatility, as well. how dangerous is that? it sounds very dangerous, but obviously the...
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Oct 30, 2012
10/12
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and at the same times, the effectiveness of creating an environment that allow us to reduce operational risk. >> no doubt about it, initially the pain will be severe. so what kind of restructuring costs are we looking at? >> we do expect restructuring costs between now and 2015 to amount to a total of 3.3 bill n billion. so from 2015 onward, we will be able to unlock the potential that we generate by doing the changes to our cost base. >> b obviously there's the risk that when fixed income does pick up over the next couple quarter, you'll be called out because you've exited those businesses and other firms will be profiting. is that a concern to you? >> it's a potential danger, but if you think about the capital we will free up and the port fo portfolio is highly capital generated, we will offset the opportunity cost really by freeing up capital. >> that was ubs ceo speaking to me earlier. in terms of the outlook for the fourth quarter actions that was still somewhat cautious despite the fact that the third quarter on an underlying basis was pretty good. ubs told me yesterday that they'
and at the same times, the effectiveness of creating an environment that allow us to reduce operational risk. >> no doubt about it, initially the pain will be severe. so what kind of restructuring costs are we looking at? >> we do expect restructuring costs between now and 2015 to amount to a total of 3.3 bill n billion. so from 2015 onward, we will be able to unlock the potential that we generate by doing the changes to our cost base. >> b obviously there's the risk that when...
99
99
Nov 1, 2012
11/12
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. >> of course swiss com like other companies is responding to a chaining environment. that's why in 2013 it will cut some 400 jobs. and at the same time it's creating 300 jobs in growth segments. and of course the cuts will be affecting a business which is shrinking. so the net/net effect is a reduction of 100 jobs. not a huge amount if you look at it in percentage terms. a reduction of only 0.6% and the stock is not moving a great deal. one stock that is moving, though, up 3.#% after an upgrade coming from merrill lynch. and very quickly, just want to bring you some economic data.2# upgrade coming from merrill lynch. and very quickly, just want to bring you some economic data.co. and very quickly, just want to bring you some economic data. retail sales you up, the pace of growth is slowing down just up from the month of september when we saw an increase of 6% month on month. retail sales increased by 0.3%. of course we're waiting for the pmi data for the month of october. and we're expecting a reading of around 45 points. >> thank you very much for that. let's check o
. >> of course swiss com like other companies is responding to a chaining environment. that's why in 2013 it will cut some 400 jobs. and at the same time it's creating 300 jobs in growth segments. and of course the cuts will be affecting a business which is shrinking. so the net/net effect is a reduction of 100 jobs. not a huge amount if you look at it in percentage terms. a reduction of only 0.6% and the stock is not moving a great deal. one stock that is moving, though, up 3.#% after an...
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52
Nov 1, 2012
11/12
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you have a curve environment, you'll have the aspect associated with the marketplace as well. i'd say in the next year or, so you'll start to see the rotation, where people will start looking to get more involved into the equity space. you'll have a true rotation as opposed to rotation and then flows come in and out of marketplaces. you'll see a true sector rotation, probably in a year. >> great to speak with you many thanks for your time. >> thank you. >>> next, chesapeake energy, a company run by one of the nation's most controversial ceo's. and hurricane sandy's aftermath, how the hurricane is changing the oil trade. >>> fast money is just about a bull market. >> in the blank of an eye, everything changes. >> we're doing what we do for a living, and all together as a team, we all come at it from a different perspective. >> it's all about moving the odds in your favor. >> it's really what drives out the value of the show. >> i am fast money. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at
you have a curve environment, you'll have the aspect associated with the marketplace as well. i'd say in the next year or, so you'll start to see the rotation, where people will start looking to get more involved into the equity space. you'll have a true rotation as opposed to rotation and then flows come in and out of marketplaces. you'll see a true sector rotation, probably in a year. >> great to speak with you many thanks for your time. >> thank you. >>> next, chesapeake...